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after that near disastrous first debate? >> well, what is interesting is obama tried to put on a happy face with his campaign and would go from person to fern, dr. phil style, sort of soothing people and trying to make them feel betterment but the people who mr. really close to him, david axelrod, really knew that he was significantly impacted by this. he was really shaken by the entire event. very confident guy, but like any really confident person when they get knocked off their legs, they are up set. and they instituted sort of this buck up (program internally that included a visit with his former press secretary robert gibbs, a drive around the driveway in a chevy volt. >> he complained ever never got to do. >> he nearly gave one of the grounds keepers a stroke. >> you always hear that this president doesn't pay attention to the critics, he tunes out the washington chatter. guess what, his staff had to take away his ipad because he was looking so darn much at the reviews after denver. >> warner: which would only depress him and the staff. >> that's right. >> warner: we have to leav
postponed for two months, which means we could be going through a similar debate before spring. president obama says he supports a balanced approach to reducing our deficit. >> we can't simply cut our way to prosperity. cutting spending has to go hand in hand with further reform tax code. the wealthiest corporations and individuals. can't take advantage of loopholes and deductions that aren't available to most americans. >> get ready for another fiscal debate in the coming months. congress and the white house will talk about the debt ceiling. we could reach the limit by the end of february. and won't likely agree to raising it without guarantees of spending cuts. despite this bill, you may notice your paycheck is a little smaller this year. that's because a temporary cut in a payroll tax just expired. the social security payroll tax jumps back to 6.2% for 160 million americans. it's been 4.2%. some banks say that could cut consumer spending by as much as $100 billion this year. that's less than the 115 to $125 billion in revenue it costs the government each year. >>> after the vote overse
in an overwhelming vote of 73 yeas to 23 nays. president obama is expected to sign it. if you are a civil liberties guy, there was good news and bad news in this debate. the good news is that there were a bunch of privacy amendments, including one from democratic senator ron wyden of oregon. his amendment would have required the head of the country's spy agencies to tell congress when americans accidentally got spied on. right now, we have no way of knowing how often that happens. also, republican senator rand paul of kentucky, he wanted to force the government to get a warrant to read our e-mails and other electronic communications. for privacy advocates, these amends were the good news. the bad news, the democratic-controlled senate killed every single one of those amendments. killed them dead. they voted them all down. and today the once-controversial warrantless wiretapping bill was extended for another five years, and amazingly, almost nobody seems to have noticed. we used to fight about this stuff. the whole reason fisa needs congressional reauthorization every few years is that we are suppos
is the fact that the debate did not result in a solution to the problem. when president obama unbelievably said we're not even going to have a debate this time. oh yes, we are, mr. president. because every time you come to congress and you ask for the authority to increase the debt burden on our children and grandchildren, that is a debate that we must have and that we will have, and the time, let's do it in public. let's utilize regular order. let's utilize the floor of the senate. supposedly the greatest body that harry reid has turned s ee a deal making body. that's got to end. that's how we do it in the senate. >> obama is going to ask probably for a couple of trillion dollars of higher debt. he wants to raise the limit. in fact, an article today says he is expected to add 3.4 trillion. 3.4 trillion in debt. >> absolutely not. >> by 2017. and he has earlier said he is not going to go through the same debt ceiling holdup that he went through last year. he'll probably go for at least a two-year package. will you give it to him? >> no way. we just went through $2.1 trillion of additional
. sikh that was president obama sharing his thoughts on the debate over cutting federal spending. while there were reports of significant progress a short time ago. there is concern from republicans that they are giving the president the tax hikes he requested without getting spending breaks in return at a time when the federal deficits are running a trillion a year. the president talks about a balanced solution. we'll update as we hear more from the nation's capital. arthel: while the president blames congress for the problems in washington. a georgetown law professor says our problems start our constitution and announces we need a new form of government. i'm going to start with dee dee on this. i'm a big fan of hdtv. do we need to make over the constitution? >> let's get rid of the one thing holding us all together. washington is broken, obviously we have problems. is this guy crazy? i'll call him louie. dose want a monarchy. i think he should take a sabbatical to cuba or saudi arabia where there is no constitution. the constitution protects this guy. >> the professor argued why not g
is that becomes a real mess. so that makes us a loser, and i think obama loses because i think he missed, again, an opportunity to put a real framework on the table in this whole debate. >> all right. let's go to kurt. kurt, you picked tax sanity, president obama, middle class. and anti-tax absolutionism, grover norquist, sensible, no-drama bipartisanship, and long-term honesty. >> congress is losers, whether they were two weeks ago, they are losers today. i do think -- it's interesting, it's as if the special upper middle class lobbyists carved out win-win for them, because, of course, the payroll tax increase stops at $115,000 or $120,000, and people, you know, up to $400,000, $450,000 for a family, $1,000 don't face income tax increases. so those well to do but not technically rich people really made out. i think there's no question, we'll see down the line over the next horrible months and years to come of this administration how president obama has faired, but i think he's set himself up for this ongoing craziness, as well as he could imagine. >> for you, president obama, joe biden, and th
for lanza's mother. >>> since the connecticut shootings, a debate on gun control escalated from a simmer to a boil. just after the shootings, president obama promised to do something to prevent a similar incident from happening. yesterday on "meet the press" yesterday, the president plans to keep that promise. >> with public opinion, there's nothing you can't do. without public opinion, there's very little you can get done in this town. so i'm going to be putting forward a package. i'm going to be putting my full weight behind it. i'm going to be making an argument to the american people about why this is important and why we have to do everything we can to make sure that something like what happened at sandy hook elementary does not happen again. >> the president called the day of the shooting the worst day of his presidency. >>> in new york, thousands remembered two firefighters killed during a christmas eve ambush. the flag-draped casket carrying michael chiapperini was brought into a high school auditorium in webster. chiapperini was one of two firefighters killed during an attack in
the darn thing was d.o.a. in the senate i? way. the republicans are losing the debate on the fiscal cliff. this is obama's economy. let the president and the democrats own it and own the national debt. own the defense cut. instead, boehner and the gang allow the president to star in his own superhero film. he will cut the hawaiian vacation short and come back to save us mere mortal from the fiscal cliff. winning the optics war and winning it big. juan, how did you get the ball back from the republicans? they had it. this was obama's economy, his face calf cliff. now boehner fails on the vote and next thing you know, the ball is in your court. >> juan: i think you are right. i think boehner at the moment looking weaker. he is out of this altogether at the moment. his troops abandoned him. he is okay keeping the speaker on january 3 when the republican caucus vote but you are hearing rumors about eric cantor who is next to him launching some kind of a coop at the moment. i don't know where it goes. but it seems that he is in a position where the republicans in the senate and the white house
. the republicans are losing the debate on the fiscal cliff. this is obama's economy. let the president and the democrats own it and own the national debt. own the defense cut. instead, boehner and the gang allow the president to star in his own superhero film. he will cut the hawaiian vacation short and come back to save us mere mortal from the fiscal cliff. winning the optics war and winning it big. juan, how did you get the ball back from the republicans? they had it. this was obama's economy, his face calf cliff. now boehner fails on the vote and next thing you know, the ball is in your court. >> juan: i think you are right. i think boehner at the moment looking weaker. he is out of this altogether at the moment. his troops abandoned him. he is okay keeping the speaker on january 3 when the republican caucus vote but you are hearing rumors about eric cantor who is next to him launching some kind of a coop at the moment. i don't know where it goes. but it seems that he is in a position where the republicans in the senate and the white house are really the ones who will negotiate the
.4 trillion debt ceiling which is likely to stir up another ugly fight. president obama is already positioning. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws they passed. we can't not pay bills we have already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be cat stenographic, far worse than the impact of a fiscal cliff. >>> let's bring in brianna keilar. a lot of people are talking about winners and losers, but c'mon, i feel like we're all losers in this, considering we didn't get a deal, we just got a patch. >> reporter: that is true. i don't think it's ever really healthy for americans when you're kind of going through this process every year, whether it's the a.m.t. fix or tax cuts, so i think the fact that those tax cuts were permanently extended actually is a good thing, because it is difficult when they aren't, but yeah, i think that you look at especially now the environmen
abismo fiscal, y fue alcanzado a Última hora anoche luego de debates y ahora deberÁ ser firmado por mi presidente barack obama quÉ esto para estadounidenses, liliana tiene todos los detalles. >>> desde washington. >>>, mramz vencido pero aeshts que el paÍs cayera al abismo fiscal la cÁmara de representantes aprobÓ 257 a 167 una legislaciÓn de americana para im pedir la entrada en vigor de ver cortes presupuestarios y aumentos de impuestos. >>> esta ley evitarÁ un alza mayor de impuestos para mÁs del # 8% de estadounidenses y 97% de pequeÑas empresa dijo el presidente barack obama resaltoando que extiende crÉditos tribunal torios universitarios. >>> por hijo y los beneficios de desempleo. >>> la medida eleva a impuestos a quienes mÁs de 400 mil dÓlares al aÑo, por su parte en un comunicado el presidente de la cÁmara de representantes john boehner dijo que ahora el enfoque se torna a gastos diciendo que usarÁn mayorÍa republicana para reducir los gastos federales. >>> pero no todo color de rosa la ley no extendiÓ el recorte al im puesto por nÓmina del seguro social promu
by president obama's remarks last night. >> we will not have another debate with this congress over whether or not they should be the bills that they have already rack up. >> if the president thinks he 'not going to negotiate, he better thing again. >> john boehner signaled a return to a hard line on spending by delays a vote on aid to the victims of hurricane sandy. several members of his own party immediately and loudly blasted him this afternoon, including new jersey governor chris christie. the speaker has now scheduled a vote for friday and a second vote on january 15th. >>> and the speaker has just responded to that criticism through a spokesman this evening. nbc news correspondent mike viqueira is nbc's washington bureau right now. mike, how much support does the speaker have right now to stay in that position? >> you know, jim, that's a great question. there's been a lot of speculation over the last couple days. after all that turmoil yesterday, where there was a back and forth, a question whether house republicans would go along with the overwhelming bipartisan vote, there were rep
, another debt ceiling fight like the one last year that damaged the u.s. credit rating. president obama vows no repeat. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> reporter: but house rupp pushed back. >> if the president thinks he's not going to negotiate, he better thing again. he's president of the united states, not emperor of the planet. >> reporter: this could get scarier. >> it may take a default, another downgrade, the serious economic consequences that flow from it to jolt us back to some kind of reality, and that's a frightening prospect. >> reporter: and not a happy new year. congressional scholar norm orrin steen says it could look like a tribal war up here, and soon. live from the hill. >> stay with news4 for up-to-the minute information on fallout on efforts to avoid the fiscal cliff. we'll have more on how the agreement could impact families in our area, especially northern virginia. >>> new developments this afternoon in the battle over a multibillion dollar bill to prove aid to t
last year that damaged the u.s. credit rating. president obama vows no repeats. >> i will not have another debate with this congress over whether or not they should pay the bills that have already racked up. >> but house republicans pushed back. the president thinks he's not going to negotiate, he better thing again. he's president of the united states, not emperor of the planet. >> reporter: this could get scarier than the cliff. >> it may take a default, another downgrade, the serious economic consequences that flow from it to jolt us back to some kind of reality. >> reporter: and not a happy new year. congressional scholar said it could look like tribal war fare up here and soon. steve handelsman, news4. >>> thank you, steve. we invite you to stay with news4 for continuing coverage on the fallout from the fiscal cliff deer. coming up later, northern virginia bureau reporter will talk to lawmakers from virginia about the potential impact of sequestration on that statement. >>> the big story on capitol hill today, the battle over a multibillion dollar bill to provide aid to states
obama says he won't tolerate a debate over the debt ceiling. really? we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. now through january 2nd, no monthly payments until spring for qualified
that the governor did not wage a more aggressive campaign to unseat president obama. and instead he played safe and libya the third debate and sitting on it the last eight days of the campaign. after hurricane sandy hit the east coast, the governor disappeared from the news cycle, apparently that was fine with him, he had many opportunities to speak with urgency in the the last weekend, but passed. so president obama's team run by the brilliant david axlerod won the fourth quarter big. they could point at voters who might support them and get them out on election day. the romney campaign made local appearances, saying the same thing over and over and over. early on election night when trends began to appear i said this, the changing country, the demographics are changing it's not a traditional america anymore and there are 50% of the voting public who want stuff. they want things. and who is going to give them things? president obama. he knows it, and he ran on it. >> bill: now, that's the truth. and there's no denying the statistics in exit polling. however some liberal americans were outraged
night was not a final deal. last night was a debate over how much of the tax increase obama was going to take off the table, and he took it, it's bad for the economy and unfortunate he got that. but now that's past us, what do we do now? we have a fight for four years on how to reign in obama's overspending. republicans have three pressure points, the president has none. what happened, all the republicans in the house were mad. you saw 157 voted against the deal. were they against cutting taxes for almost everybody? no. they wanted to cut taxes for everybody. they are mad there was no spending restraint, taxes went up, their anger for half a day will be aimed at boehner and for the next four years will be aimed at obama and the democratic white house, and that's where obama has a problem. he's now got four years of people fighting against his spending increases. >> finally, how do you score the split between paul ryan, john boehner, you know, on one side and marco rubio, cantor on the other side of this whole debate? >> false dichotomy, all the republicans wanted all the tax cuts prep
in the newsroom with the late breaking developments. >> they have been debating for about the last hour. since the bill has passed the house, it is headed to president obama's desk, who has said that he will sign into law. we are expected to hear from some of the house members in minutes and possibly see president obama make a statement. >> as soon as the fiscal cliff fix hit the house floor resistance from republicans was in place. >> because of what we are not doing, i cannot believe that this tax cut will be followed with spending cuts to offset any part of the $4 trillion we are putting on the backs of future generations. i thank all of you will vote for it. i cannot bring myself to. >> in the early -- in the early morning hours, the bill went through the senate and house members were called in for a vote. >> i believe we will come together with a strong vote. >> it has been republicans without spending cuts. if only raises taxes on individuals raising taxes more than $400,000. the lack of spending cuts left republicans irate. >> we have to somewhat address spending. we are always kicking
himself reelected. then we have massive spending, $8 trillion in debt that obama's running up the next decade. republicans have several tools. right now we have very well leverage in the debate over the fiscal cliff because that stuff happens automatically but the idea of a debt ceiling increase, they've told obama if you want a trillion dollars in higher debt and he needs that eight times in the next decade, you have to cut spending a trillion dollars. >> here, i'll ask you again. 0 i'm a republican congressman and i signed your tax pledge to not raise taxes. if someone says here's a bill that says if you sign this we will cut taxes for 98% of americans. how could you say no? my point is, the administration is winning the war of optics. if they played it out this way, do they not win? >> well, they've won the war of optics so far because everything's been done in camera. it's been done inside closed walls. if c-span and fox and -- were able to videotape the negotiations, the kind of thing we're learning now about how obama said i have no interesting in cutting spending, he's been lyin
cain and obama. he wasn't that good. that was a bad debate. >> he wasn't a five star recruit in the previous debates. but in that one, he got cut. that was bad. >> it made the campaign that much more interesting because it changed the dynamics. >> it sure did change the dynamic and almost cost him the race. >> the number three. fumble of the year. >> so, mr. president, how do you handle promises that you have made when you are running for election and how do you handle it? i mean what do you say to people? do you just you know i know, people -- i thought make it was an excuse. what do you mean shut up? >> just the palpable weirdness of that moment. >> if you expect a comment on that you're going to get a comment. >> that's how bad that was. i'm out. i'm out. >> i was in the hall that night, i was sitting there going what is he talking about? >> me too. >> this is another thing. hollywood legends are always bad at giving speeches. >> they have a script. that's why they have a script. >> kerry washington spoke, scarlet johansson spoke. >> we have to move it on. >> those were good. compared to
. >> reporter: president obama has promised to work with congress to find more spending cuts in the future. but he urge them not to play politics with the debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> reporter: treasury secretary timothy geithner has warned congress the country is just a few months away from defaulting on its loans for the first time in u.s. history. >> the consequences for the entire global economy would be catastrophic, far worse than the impact of a "fiscal cliff." >> reporter: but many republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nation's debt. the bill now goes to president obama for signature. back to you. >> thank you. >>> our other big story the weather this morning. it could be the coldest morning of the week. let's get a first look at weather with meteorologist lawrence karnow. >> we have some very dry air outside. temperatures plummetting right now. we have freeze warnings
>> hello, again. a reminder of the main stories here on al-jazeera. a debate in uppedway in the u.s. congress on how to avoid the so-called fiscal cliff. earlier, president obama spoke on how to avoid the budget crisis. and turkey's prime minister has said the war in syria will soon be over. he made the comments as he visited refugee camps on the turkish border. protesters in india who have been calling for harsher punishments for rapists have been holding a candlelit vigil in the capital the they gathered in new delhi -- delhi to mourn the death of a 23-year-old gang rape victim. the attack on her earlier this month throwed nypd protests. six suspects have been charged with murder after she died sunday. she had been receivering medical attention in spinning. the -- in singapore. she's been cremated. rebels in the central african republic are reported to be only one town away from the capital. the army was forced to retreat when the rebels advanced on saturday. they already have control of four other regional capitals in both the north and center of the country. rebels have reject
have more time to debate them. vice president joe biden came to will capitol shortly before midnight to help sell the deal. president obama released a statement shortly after the senate vote. it reads in part "tonight's agreement ensures that going forward we will continue to reduce the deficit through a combination of new spending cuts and new revenues from the wealthiest americans. i will continue to fight every day on behalf of the middle class and those fighting to get into the middle class to forge an economy that grows from the middle out, not from the top down." >>> that vote may not come right
. it was much worse than obama's first debate. he appeared before them and was like "don't vote for me." he lost that election. he has not spoken since. he is having a nice holiday. and then there was papandreou. who was a 2006. who unfortunately, he did not see the crisis of the eurozone collapsing. the eurozone had no foundation. there was an earthquake. now, let's say between 1995 and 2008 god and his angels descended on an athens and ran the show. with rationality, omniscience, ethos, and morality. greece would not have been the first domino to fall. but it would have been the third. grace would have fallen after ireland or possibly after portugal. it was never designed to sustain a crisis like 2008. we were doomed. finally, the united states that we know today is the result of the crisis of the 19th century and the early 20th century. 1 very preciously saw the crisis -- and still there is a commonality of debt, and effective recycling of debt, the road be no such thing as a nation that was sustainable. you had a crisis that led to a gradual, discreet, fundamental change from the pacific to
the massive spending, $8 trillion in debt obama is running up over the next decade. republicans have several schools. right now they have very little leverage onra this debate over e fiscal cliff because that stuff happens automatically, but the idea of a debt ceiling increasef they told obama more than once if you want a trillion dollars, you will need that eight times in the next decade they will have to cut spending a trillion have to cut spending a trillion eric: i'm a republican, congressman, senator tax pledge to not raise taxes. teo if somebody approaches me and says here is a bill that says if youhi sign this we will cut taxn for 98%, how can you say no to that? my point is this. the administration is winning the war of optics. if they played it this way, do they not win? >> they won the war of optics so far because everything has beene done. done inside closed walls.nd f if c-span, fox are able to videotape the negotiations, the kind of thing we're learning now about obama that i have no interest in cutting spending, just want tax increases. he has been lying about his negotiating p
limit debate kicks off. reporting live in washington, back to you. >> thank you very much. we appreciate it. >>> for his part, president obama has been trying to turn up the heat on congress, applying new pressure sunday in an interview with david gregory on "meet the press." nbc news white house correspondent kristin welker has details. >> reporter: on "meet the press," president obama continued his public campaign to pressure congress. >> if congress doesn't act, then everybody's taxes go up. and for the average family, that could mean a loss of $2,000 in income, and the whole economy could slow down at a time when the economy's actually starting to pick up. >> reporter: he again called on lawmakers to strike a deal or hold a vote on his plan which would raise tax rates on wealthy americans, a major sticking point for republicans. >> the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. that seems to be their only overliove overriding theme. >> reporter: after the interview, republicans accused the president of a
, president obama and governor mitt romney squared off in three debates while both joe biden and paul ryan came out swinging at their one and only vice presidential debated. israeli president benjamin netanyahu addressed the united nations to renew his calls for drawing a red line on iran's nuclear program. the white house said all options are on the table but stopped short of issuing an ultimatum. anti-doping report accused lance armstrong of using performance enhancing drugs. he never admitted doping. but armstrong's fall from grace cost him his seven tour de france titles. a jury convicted penn state football coach jerry sandusky of 45 counts of child sex abuse. a judge sentenced him to at least 30 years in prison. super storm sandy slammed into the coast. the storm caused the heaviest damage in parts of new york an new jersey, knocked out par to millions and caused a gas shortage that led to long lines and rationing. president obama won a second term in office. >> we remain more than a collection of red states and blue states. we are and forever will be the united states of america. >>
to the affordable care act -- obamacare if you will -- he bombed in the first debate. voters saw a different from the than the candidate portrayed in the ad, but then there was a victory mark. >> the obama campaign was a brilliant, disciplined campaign. it had a very narrow route to victory, and it proceeded to follow it with incredible discipline and sense of direction, and they raised to a different level the organizational imperative in politics. the 2004 bush campaign had been good, but remember this -- five of the last six elections, the republicans have failed to win the popular vote. mitt romney is in a succession. he is not an anomaly. >> the main reason for mitt romney's defeat, given those problems the president had. >> i do think if you had asked people at the end of 2011, the middle of 2011, it looked as if it were a slam-dunk for republicans. one of the reasons we are at this clip is that the republican resolution of the debt crisis in august 2011 was under the tacit assumption that they would control the white house, so who cares about everything stacked against them? i think the ma
obama has promised to work with congress to find more spending cuts in the future. but he urged them not to play politics with the nation's debt limit. >> i will not have another debate with this congress other than over whether they should pay the bills they have already racked up. >> reporter: the country is just a few months away from defaulting on their loans for the first too many in history. >> it would be catastrophic, far worse than the "fiscal cliff." >> reporter: many republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nation's debt. tara mergener for cbs news, washington. >>> after his address, president obama returned to hawaii to finish his vacation and will sign the bill there. >>> most overseas stock markets rose on news of the u.s. "fiscal cliff" has been averted. the kospi stock exchange in south korea celebrated its first trading day in 2013. it finished up as did hong kong, australia, germany, britain and france. here in the u.s., the new year's first day of trading begins in about
"food stamp president." i want to play a clip from the january republican debate when fox is moderator questioned newt gingrich about his food stamp comments. >> you refer to president obama as the food stamp president. it sounds as if you are seeking to the little people. [boos] >> first of all, juan, the fact is, more people up and put on food stamps by barack obama than any president in american history. [applause] heineman the politically correct or not supposed to use facts that are uncomfortable. >> that was newt gingrich being questioned by fox news juan williams at a presidential debate. walter mosley, your response? >> this interesting, at a struggle with cnn a little bit because i had written about the poetry of the statement. food stamp president is billion. it is like a whole book of things in three words. he applies them, so he's not releasing it. when you watch the clip, it is the same thing. he says, "well, jun," and he stops. i am talking to some of the of color print the way he does it is so -- he is a master at that. i wanted to talk about how bad is the kind of the a
% and an instant obama attack ad. number four, among the year's biggest moments. >> there are 47% of him who are with him. >> reporter: the gop needed a breakout moment and got one at number three. the debates and president obama's lackluster performance in the first face-off put romney back in the hunt. the president would have to redeem himself and polls show that he did. >> i said if i got bin laden in our sights, i would take that shot. >> reporter: but at number two came the mother of october surprises. sandy. the devastating superstorm put much of the nation's focus on the president's handling of the crisis. and the high marks he received from a top romney surrogate, new jersey governor, chris christie. >> i can't thank the president enough for his personal concern and passion for our state. >> reporter: polls show the race moving towards the president who won handedly. >> this is he elecelection is o. >> reporter: the victory blindsided romney. >> the task of of moving forward. >> reporter: no surprise the biggest campaign story of the year. jim acosta, cnn, washington. >>> don't his
it comes from the wealth- generating capacity of those at the top? this has been a longstanding debate, and i think it was very vital in this election. president obama can carry the banner high and proudly and well. the things he has done, whether it is health reform or education reform, making higher education more affordable, expanding pell grants, creating the consumer financial protection bureau. they are all aimed at one thing -- to create a economy in which we have a vital middle-class and our tax policy reflects that as well. opportunity is broadly available. i think that is solidly in the mainstream of the democratic party. we can have a debate about means of achieving that, and i think we have to do some soul- searching about how in the 21st century we achieve those goals, and whether all the avenues and pathways that made sense 50 and 60 and 70 years ago are still valid today. many of them may be -- some may not. on the fundamental goals, he is solidly in the position of the democratic party, solidly progressive. i think that is a lot of what the election was about. >> in thi
have done some good for the country . taken care of the revenue side of the debate. it is time to redouse washington's out of control spending. >> president obama called the vote the right thing to do for the country. republicans compromised on the tax rates and democrats gave in on the state taxes. - estate taxings. >> there is another crisis looming on the horizon. lawmakers have to worry about the debt ceiling. the u.s. roached the legal borrowing limit yesterday . the treasury department is taking measures to buy time until the end of february including suspending investments and benefit fund saids for federal workers or they will not pay the country's billos time. congress must vote now to raise the debt ceiling and setting the stage for yet another battle on capitol hill. a new year brings new numbers on the paycheck of thousands san francisco workers. a higher minimum wage comes in . carolyn tyler has the details. >> the street prides itself on the salaries paid to workers in the back of the house. cooks and dish washers and a record high minimum wage rose in from 8.50 i
for more leverage with debt ceiling debate and also the spending cuts debate that's coming up in two months. and obama can tell his people we're going to stand firm and go for that next $600 billion -- you know, $600 billion in tax increases. maybe tax reforms. everyone has an argument to make in the future and i think that is probably why this is going to pass. >> all right. we'll leave it at that. thank you very much. again, happy new year to you. >> thank you. >> coming up at 10:30 a.m. i'll talk to republican congressman tom cole. straight ahead, sending well wishes to hillary clinton. we'll have new details on the health of the secretary of state. keep it right here. >>> we continue to follow breaking news this new year's day. the house is meeting in a short time to take up its version of the bill to pull us back from the fiscal cliff. the senate came through with the deal in the wee hours of this new year. now it's up to the house to come to an agreement and vote before the financial markets have a chance to react when they open tomorrow. majority leader cantor is reportedly saying th
's not going to get an unlimited credit card. >> he is back in hawaii today but president obama feels congress spent the money and will have to raise taxes further. >> i will not have another debate with congress over whether or not they should pay the bills they have already racked up. >> of late this afternoon, house republican leaders backed down over their decision to postpone a force and the victims after both parties blasted lack of action. now, congress will vote on $9 billion in aid and additional aid later when congress officially returns to the new session. >> we are going to stick with the fiscal cliff for a moment because lawmakers are not the only ones sounding off about it. we have reaction from taxpayers to how much more they will still be paying. >> it is a huge concern not just for lawmakers but many americans. what does this deal really mean for me? we did not find a lot of people celebrating here in washington. >> i will have to pay more even though i am still working the same job i worked last year. >> that is part of the brutal truth. while income tax hikes were a
it confirmed everything that the obama campaign had been saying about the republican nominee from moment one. >> crystal? >> three words. please proceed, governor. second debate after the president had a lackluster performance in the first debate. and the second debate, he really came out swinging. and mitt romney thought he had him on the ropes with the benghazi nonsense. the president just let him proceed. not only was that a great, brilliant move in that moment, but it also but it was also em blematic of how he just had to let mitt romney talk. and it was so objectionable to the american people that they definitely wanted to go in a different direction. >> so please proceed governor from the second presidential debate. >> you got it. >> well, i think that probably i would say the best move of the year i would have to say was the campaign ground game. i think you almost went there. you were half way down the is aisle, wu ybut you turned aroun. i think that they turned out a terrific ground game. i think if you rook look at the that the republican polls were right but they underestimated tu
'm offering you 250. are you going to take it or leave it. that's hard ball politics. that's what obama is doing now. he's not ceding power. he's letting them haggle over the threshold and he's ending this argument and this debate. >> all right, gentlemen. good discussion. great to have you both on. guys, stick around -- oh, they're coming back. that's right. they're part of the fiscal cliff power panel. >>> let's turn to the market sell-off. the dow going down 158 pointis and want you to see the after-market numbers and the futures, something called the futures continue to trade and they suggest that if the dow jones industrial average were to open right now it would be down 315 points. the nasdaq would be down a whopping 51 and the s&p 500 down 39. here now is larry glazer from the mayflower advisers and director at tjm institutional services. guys, when we open on monday, is it going to look that bad? jim? >> it depends on what happens. this is the way uncertainty works, but, you know, i thought for a month that one of two things was possible, one that we go over the cliff and the re
themselves to be baited by obama. >> bret: the or thing is talk about the sequester. you will remember of course in debate, in october. the president said this. about the sequester. >> first of all, is sequester is not something that i propose. something that congress is proposed. he will not happen. >> bret: part of the solution for the super committee. that was part of the deal. negotiating now is delay it by a couple of months. which potentially negotiate on fiscal cliff number two, the debt ceiling battle. and throw in dealing with the sequester as well. we're waiting to hear what the details of that, because we don't know. on the taxes, just on the taxes, as they are structured now, if you look at the tax deal, comparing it to what the re-knew you would get over ten years, it's roughly $600 billion that they get revenue coming in from the tax deal they are striking with the framework tonight. hurricane sandy recovery billion is $60.4 billion. it's about the same annually. >> preclintonnian tax and spend democratic philosophy. you take in $60 billion a year from the rich. and it's
lies ahead. is president obama getting all imperious honest? >> i will negotiate over many things. i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up through the laws that they passed. let me repeat, we can't not pay bills that we have already incurred. >> the president a big winner on taxes. house republicans have the stomach for another fiscal fight . moron guns than a new viral video exposing the celluloid the rules for what they are. participants in a culture of hollywood hypocrisy. it turns out the idea of armed guards and police and schools is a pretty good idea after all. no security problems in the "herald" district's school in texas. their teachers carry firearms. she's still the one for you - you know it even after all these years. but your erectile sfunction you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to
. the hang up is the tax hikes on the rich. those making over $250,000 in the obama reposal or $400,000, a level that mitch mcconnell reportedly said he might be able to sel? republicans won the debate shifted. >> the talk about taxes, but what it should be about is what we want to talk about today -- the medicare fiscal cliff. >> no date to cut a day to reform entitlements by tuesday. >> if we do something right now to have long-lasting, adverse effects on economic growth, that will affect us for a long time. >> until the cliff, americans say fix the tax problem. >> it's so frustrating to see both sides so far apart. >> we should not be taxed more because they cannot work together. >> get the middle class down and figure of the rest of it come january, worst case. >> worst case? no deal on anything. some tea party republicans are ready to let everyone is taxes rise so they can quickly help fix the problem and claim they voted to cut taxes. wbal-tv 11 news. >> some good news and now with the ravens officially in the playoffs. now is your chance to get the post season tickets. >> if
. they have another couple of months to debate things. once they figure it out, they will come to a decision which we hope will be the best interest of the country. >> this extraordinary new year's drama has played out as barack obama prefers for his second term. a second term in which you would like to achieve big things on immigration reform, climate change, and gun control. it is clear with a bitterly divided congress come none of it will come easily. >> for more reaction from capitol hill i spoke a short time ago with republican congresswoman marcia blackburn of tennessee and 1 of her colleagues that voted against the bill. the stocks have had their best day in over a year. that might have been a different picture if the majority of your colleagues voted against this deal. congresswoman, is that something that you were prepared to do, to take a vote to send america back into recession? >> i have already voted to extend all the tax cuts for everyone. what i did not like about the bill once we got it and were able to read it was the amount of spending and the amount that it will add to the
. >> republicans saying this would be several steps. as soon as the bill passed, president barack obama took to the podium at the white house to say, hey, wait a second, this debt ceiling debate is not going to be a debate after all. take a listen to the president. >> i will negotiate over many things, i will not have another debate with this congress over whether they should pay the bills they've already racked up, through the laws that they passed. >> a lot of interesting political angles here to digest. negotiating questions for republicans. when you look at the deal the president offered, the very last offer he made was probably better for republicans than the deal they ended up voting on. although they rejected the president's offer they got something much worse in the end because they did not get the spending cuts they were looking for. the president offered several hundred billion in spending cuts. at the end of the day, they got almost nothing in terms of spending cuts. the republicans said this was still a victory of sorts because they were able to extend the bush tax cuts for 98% o
that the shoulders were touching. within minutes of the vote in the house, president obama was at the white house making it clear he is not prepared to have any more fights with congress about money already spent. >> while i will negotiate over many things, i will not have another debate with congress over whether or not they should pay the bills they have already racked up through the laws that the past. >> he is referring to the hard bargaining set to begin within weeks when congress must look at raising the debt ceiling or risk the country defaulting on its loans. >> hearing now from the economist micki price, a former adviser to the british government. -- vicky price. >> what would happen in the next couple of months is there will be a lot of discussions and bargaining going on. first of all, the fiscal cliff and whether that can be avoided completely in a couple of months because maybe they will be able to raise the debt ceiling slightly. i think that is very important to happen. the second thing will be what happens on spending? there's quite a bit of spending already in the pipeline. the q
for more political battles ahead. after last night's vote, president obama attempted to draw a line in the sand on one of the big fights coming up next, a showdown over the debt ceiling. >> while i will negotiate over many things, i will not have another debate with this congress over whether or not they should pay the bills that they've already wracked up through the laws they passed. let me repeat, we can't not pay bills that we've already incurred. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. far worse than the impact of a fiscal cliff. people will remember back in 2011, the last time this course of action was threatened, our entire recovery was put at risk. consumer confidence plunged, business investment plunged, growth dropped. we can't go down that path again. >> the president draws a line on one of the upcoming fights. joining us now is mike allen to review a little bit about what happened yesterday. mike, we were not sure there would be a vote at some po
: some lawmakers are frustrated there's still no bill up for a debate. >> senator reid should put a bill mon the floor, let the americans see it not another deal made behind closed doors. >> reporter: another sticking point, how long to delay the sequester. president obama said any agreement would have to be balanced and include revenue increases. if no deal is reached before the ball drops in times square tonight, those cuts, along with tax increases for most americans, will kick in. in washington, reporting. >> so to summarize, lawmakers are still working toward a deal but tomorrow is the earliest a vote could take place. that would be after the tax rates have technically gone up. for more, log on to abc2news.com. >>> insurance giant aig is saying thank you and showing their thanks for the bailout they received. they want taxpayers to know the u.s. treasury made a multibillion dollar profit on giving that loan. the thank you mesh ad campaign claims the government has more than $20 billion in the deal. >>> a westminster mans dead after a car crashed at carroll hospital center. it happen
with yet. they have another couple of months to debate things. once they figure it out, they will come to a decision which we hope will be the best interest of the country. >> this extraordinary new year's drama has played out as barack obama prefers for his second term. a second term in which you would like to achieve big things on immigration reform, climate change, and gun control. it is clear with a bitterly divided congress come none of it will come easily. >> for more reaction from capitol hill i spoke a short time ago with republican congresswoman marcia blackburn of tennessee and 1 of her colleagues that voted against the bill. the stocks have had their best day in over a year. that might have been a different picture if the majority of your colleagues voted against this deal. congresswoman, is that something that you were prepared to do, to take a vote to send america back into recession? >> i have already voted to extend all the tax cuts for everyone. what i did not like about the bill once we got it and were able to read it was the amount of spending and the amount that it w
there's no evidence of that. >>> president obama and governor mitt romney squared off in three debates. joe biden and paul ryan came out swinging. >>> renew his calls for drawing a red line on iran's nuclear program. all options are on the table but stopped short of issuing you will at this mate um. released report accusing cyclist lance armstrong of using performance enhancing drugs. his fall from grace cost him his 7 tour de france titles. >>> jerry sandusky. >>> devastation in the northeast as super storm sandy slammed into the coast. the storm caused the heaviest damage in parts of new york and new jersey. knocked out power to millions and caused a gas shortage that led to long lines and rationing. >>> president obama won a second term in office. >> we remain more than a collection of red states and blue states. we are and forever will be the united state of america. >> republicans retain control of the house and democrats kept their majority in the senate. and days after the election a scandal hit washington. the cia director david patreuas resigned. a man murdered 20 children an
obama warns us he doesn't want to go to the brink in the next fight over the debt ceiling. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up through the laws that they passed. >>> the budget deal boosts asian stocks in hong kong and australia hitting 19-month highs in the first trading session of the year. >>> european equities also share a deal out of washington despite more gloom from the eurozone. manufacturing has continued to contract according to the latest pmi. >>> okay. 2013, a warm welcome to viewers of "worldwide exchange." my special families to a family called the wards. thank you for hosting my family over the new year. personalities out of the way, eurozone, still looking glum despite the market reaction to the fiscal cliff deal this morning. to recap, the eurozone december following manufacturer pmi, 46.1, the flash was 46.3. the final output index, 46, weaker than the 46.1 flash, 46.1 in december. and the november number for orders 44.2. the eurozone in sort of the slowdown in the eur
obama. he said i hope we'll have the courage over our conviction when it comes time to raise the debt ceiling. >> oh, god. >> stephanie: the president yesterday. >> obama: i will not have another debate with this congress over whether or not they should pay the bills that they've already racked up. if congress refuses to give the united states government the ability to pay these bills on time, the consequences for the entire global economy would be catastrophic. far worse than the impact of a fiscal cliff. >> stephanie: not to mention who gets to do that? who gets to get their mastercard bill and go yeah, i know i already spent it but i'm not going to pay that now. >> computer says no. >> stephanie: you can't -- it is almost like washington just has this normal place. you don't get to negotiate with that. the president again yesterday. >> obama: today's agreement enshrines, i think a principle into law that will remain in place as long as i'm president. the deficit needs to be reduced in a way that's balan
: thank you. a federal tax credit for wind power producers expires in 2013. the obama administration is pushing for new taxpayer support for wind projects. with our budget deficit soaring an intense debate is heating up over whether the government should be throwing your tax dollars at industry the first place. i asked robert bryce, senior fellow at the manhattan institute about this issue. let's start with the tax credit. >> sure. gerri: this is industry, let's face it they don't have a whole lot to show for themselves yet we subsidize them to the tune of $1.2 billion. why? >> remember the industry said we're all about reducing carbon dioxide. that was the whole argument. now it shifted we create jobs argument. if congress does not extend production tax credit we'll lose 37,000 jobs. they might get an extension but there is big push among utilities, a lot of groups to end the tax credit and it very well could be ended. gerri: it doesn't work that well. 84% fail to produce electricity when the demand is great. as a solution to our energy problems how would you rate it? >> it is not a
for all americans. 19 democrats voted for that. it was handed to mr. reid, mr. obama starting the warfare about taxing the rich. reid sat on the bill. why didn't he bring it up for a vote? why didn't it get fair debate? mr. reid hasn't passed a budget and we going to believe they're serious about the fiscal problems? let's go offense the cliff. >> we have two cameras outside the white house right now. that one i believe is perched on pennsylvania avenue and we have another camera which is perched facing the side entrance. those are the suvs that likely boehner, mcconnell, pelosi and reid will come out of. let's talk about the deal. what if there's a deal, craig, for, i don't know, say 4 hr $500,000 the threshold of who gets taxes and who keeps -- everybody under that number keeps their tax cuts. everyone over pays more and there's spending cuts. is that a bad deal? >> yeah. i think it is. let me tell you why. because you can't get everything out of this deal that you want and frankly, all we're doing is kicking the can down the road. you know as well as i do this does nothing to deal with
. and republicans are losing the debate on the fiscal cliff. they should be saying this. this is obama's economy. let the president and the democrats own it, lets them own the massive exploding national debt, let them own the tax hikes, let them own the defense cuts. instead boehner and the gaining are letth president to star his own superhero film. he's going to come back in and save us from the fiscal cliff while others are puffing marlboros. winning the optics war and winning it big. juan, how do you get the ball back from the democrats? they had it. next thing you know, the ball is in your court. >> i'm going to have to upset you, my friend. i think you are right. i think boehner is at the moment looking weaker. he's out of the talks all together at the moment. no role to play. his own troops have abandoned him. i'm told he's okay of keeping the speaker ship on january 3rd when they vote but you start to hear rumors about eric cantor who you see next to him possibly launching some kind of -- but it seems to me he's in a position the republicans in the senate and the white house are really
limit is $16.4 trillion. he says the obama administration will work to make sure the u.s. does not default on loans right away but the debate will be another drag on the economy. with us, the chief business correspondent for u.s. news and world report, rick newman, and author of rebounders, how winners pivot from setback to success. talk about the debt ceiling for us, first of all, welcome. talk about the debt ceiling and how it affects us. we here horror scenarios about the red -- credit rating. >> one good thing you can say about reaching the debt limit is it's not a surprise. everybody has known this is coming up. the government will continue to function for a couple more months. emergency measures will be used to keep the money flowing, so to speak. this is unrelated to the fiscal cliff, so it's an additional problem that everybody has to deal with. of course the worst thing is we know how horrible it was the last time the debt ceiling needed to be raised in the summer of 2011, it went down to the wire and it looked as if there was a chance the united states would not raise
programs see major cuts. president obama met with republican and democratic leaders yesterday in a high stakes meeting at the white house. senate leaders will debate a new plan over the weekend, hoping to have a deal to vote on by monday. then it will go to the house. the president said a deal is critical for the nation. >> economists, business leaders all think we are poised to grow in 2013 as long as politics in washington don't get in the way of america's progress. so we've got to get this done. >> in the event congress does not make a deal, here's how the physical cliff could affect you. first, income taxes will go up substantially. a middle class family will pay about $2,000 more per year. gas prices will likely fall because individuals will have to spend lesson fuel. you could see longer lines at the airport because budget cuts would force the tsa to cut its staff and retail prices may fall because declining consumer confidence would push retailers to offer discounts to get shoppers into their stores. >> the ballpark is all decked-out for the game this afternoon against the u.s. n
before taxes go up for all americans and federal programs see major cuts. president obama met with republican and democratic leaders yesterday in a high stakes meeting at the white house. senate leaders will debate a new plan over the weekend, hoping to have a deal to vote on by monday. then it will go to the house. the president said a deal is critical for the nation. >> economists, business leaders all think we are poised to grow in 2013 as long as politics in washington don't get in the way of america's progress. so we've got to get this done. >> in the event congress does not make a deal, here's how the fiscal cliff could affect you. first, income taxes will go up substantially. a middle class family will pay about $2,000 more per year. gas prices will likely fall because individuals will have to spend less on fuel. you could see longer lines at the airport because budget cuts would force the tsa to cut its staff and retail prices may fall because declining consumer confidence would push retailers to offer discounts to get shoppers into their stores. >> the bowl game is al
, it made a powerful video even more powerful because it confirmed everything that the obama campaign had been saying about the republican nominee from moment one. >> crystal? >> three words. please proceed, governor. the second debate after the president had a lackluster performance. in the second debate, he really came out swinging and mitt romney thought he had him on the ropes with this benghazi nonsense. the president braille yantly just let him -- please proceed, governor. go ahead. what are you going to say? and not only was that a great, bril yant move in that moment a and won the second debate right there. but it was em blematic of how he just had to let mitt romney talk. say what he thought about americans. say what his plans were for the country and it was so objectionable to american people that they definitely wanted to go in a different direction. >> so please proceed governor from the second presidential debate? >> you've got it. >> well, id think that probably i would say that the best move of the year, i would have to say was the campaign grounding. i think you almost the
making over $250,000, the obama proposal, or $400,000, a level senate republican leader mitch mcconnell reportedly said he might be able to sell, but republicans wants the debate shifted. >> all the talk is about taxes. what the talk should be about is what we want to talk about today, and that's the medicare fiscal cliff. >> reporter: no way to cut a deal by tuesday to reform entitlements. some say that's good. >> the big problem is if we do something right now that has longlasting adverse effects on economic growth, that will cost us for a very long time. >> reporter: but for a short time americans say fix the tax problems. >> it's a frustrating feeling to see the two sides apart. >> frankly where he shouldn't be taxed more because they can't work together. >> end the taxes for the middle class and figure out the rest of it come january, worst case. >> reporter: worst case, say many, is no deal on anything. but some tea party republicans are said to be ready to let everyone's taxes go up on tuesday, so they can quickly help figure the like on middle-class taxes and later claim
spending, $8 trillion in debt that obama's running up the next decade. republicans have several tools. right now we have very well leverage in the debate over the fiscal cliff because that stuff happens automatically but the idea of a debt ceiling increase, they've told oba if you want a trillion dollar in higher debt and he needs that eight times in the next decade, you have to cut spending a trillion dollars. >> here, i'll ask you again. 0 i'm a republican congressman and i signed your tax pledge to not raise taxes. if someone says here's a bill that says if you sign this we will cut taxes for 98% of americans. how could youay no? my point is, the administration is winning the war of optics. if they played it out this way, do they not win? >> well, they've won the war of optics so far because everything's been done in camera. it's been done inside closed walls. if c-span and fox and -- were able to videotape the negotiations, the kind of thing we're learning nowbout how obama said i have no interesting in cutting spending, he's been lying for two mons about his negotiationing positi
up for a fiscal canyon come march, and somebody better find barack obama in hawaii and ask him what does he mean he won't have a debate over the debt ceiling? is he going to raise that ceiling by executive decree? >> we'll find out. >> quincy, too, i want to bring you into this discussion here. what michael just highlighted was his big concern over deficit debt levels, that's fine, but we also know that going over the fiscal cliff, allowing some of these cuts to happen does mean cuts to the gdp. first off, do you like the cuts for tween, especially given some of the concerns that we've just raised about the end of the first quarter? >> yeah. we do, absolutely. coming into the -- the real fiscal cliff debate where it was off again, on again, it was amazing because the cyclical stocks were holding up, the russell holding up. all predicated on an outlook that was -- that had growth continuing. also today we're seeing the yield on the ten-year moving higher. we'd like to see it cross 190. it would lend confirmation to the fact that we are -- we are growing, and you're seeing all of thos
retroactive to the beginning of the year. and right now house members are debating the rules of voting and after that an hour-long debate will precede the house vote. if they pass this, this goes to president obama for his signature. >> danielle, i have to ask you, of course, the critical thing is whether or not the house amends the bill. so there an indication that the house republicans have basically conceded, waved a white flag and said we are going to have to pass it as it so we didn't go off the cliff or is there a suggestion that they will insist on spending cuts? >> reporter: the republicans tried to get the amended bill. they won't get it tonight. house speaker john boehner gave them two options, amend the bill with more spending cuts or vote on it as is. they went around today to see if they had the 218 votes they would need to amend it with more spending cuts. it appears they did not find enough support to do that. so that's why they are bringing it to a vote -- that's why they're bringing it to a vote as it is now. >> that's critical. it sounds like it's all over but the vot
the basic economic system. either one of them has the slightest interest in debating it, let alone fundamentally changing it. and that is, therefore, fine. for those who run the society it then becomes a coin toss. do we like mr. romney, mr. obama, prefer the republicans and the democrats. for the mass of people sent the system cannot be debated because everyone agrees, then we focus elsewhere on things like whether you can have a gun in the back of your truck or whether you can approve of being marriage or a whole host of other issues whose importance on not disputing, but are issues that get us away from this thorny problem of how the economics and politics are articulated where they're is a desire of those who run the society that that simply be ruled out of order. >> the corporations that dominate what most people in this country see here, perfecting the art of propaganda and manufacturing consent well simultaneously criminalizing dissent. i want you to talk about the very origins of this which could be traced to the much revered and in my view much overrated founding fathers,
to ten with ten being nuclear, how bad is the debt ceiling debate going snob. >> i'd say it's going to be about an eight. hopefully the republicans will listen to what obama said last night and not play politics with something that's very important for our economy. >> gentlemen, good to see you. >> day four in the hospital for hillary clinton after doctors found a blood clot in her brain. this is an uncommon complication from a concussion but doctors say she is doing well. >> our chief health correspondent is with me. bob, robert, how's she doing? what's going on? >> we have no word, other than what they're saying she's good. it wouldn't be unusual for someone to be in the hospital this long because adjusting the blood thin ser a difficult and common task. >> so people shouldn't read too much into it that she's been in the snopt. >> not at all. it takes a while to get the dose right. >> when they hear a blood clot near the brain, that sounds super serious. >> it was serious. it is serious. she had a very serious problem, which had the potential if the blood clot got larger -- we hav
is done and the next fight is already set, america. president obama and speaker boehner are sharpening their knives. fair and balanced debate moments away with tucker carlson and alan colmes. arthel: looking forward to it. my new hearing aids instantly changed my life - i feel so much younger. my husband has his confidence back. and he can enjoy the laughter of our grandkids again. i can have fun with my friends again. feeling isolated? ready to reconnect? the aarp hearing care program provided by hearusa can help. call hearusa at ... for a free hearing check-up. plus, receive a free $50 dining card when you get your free hearing check up. aarp members receive a 20% discount on breakthrough hearing aids. call now, and you'll even get a free 3-year supply of hearing aid batteries with your hearing aid purchase- a $100 value. the aarp hearing care program provided by hearusa comes with a 100% satisfaction guarantee. call hearusa at ... and start loving life again, today. arthel: good to see you on this tuesday morning, wednesday morning. the new york newspaper that published names and a
other counties have debated it. but with budgets tight, implementation by cash-strapped counties appears problematic. >> ifill: president obama heads back to washington tonight, as house republicans call on the senate to come up with a plan to avert the fiscal cliff. with prospects still murky for a deal before year's end, what can government workers, wall street investors and taxpayers expect if lawmakers miss the deadline? for that, we turn to stacy palmer, editor of the chronicle of philanthropy. jackie simon, public policy director of the american federation of government employees. and hugh johnson, who runs an investment and advisory firm in albany, new york. you all represent different constituencies. i want to start with you, jackie. -- sorry, i want to start with you, stacy, and talk about philanthropy. this is the end of the year when people are making their decisions about whether they're going to get tax breaks or who they're going to give to. are people looking at the fiscal cliff and saying "i don't know"? >> absolutely. people are uncertain as to whether there's going to b
this fiscal cliff coming to them? joining me now for a fair and balanced debate on the topic, angela mcglowan is with us, and mark hanna, a strategist and former aide to the john kerry and barack obama campaigns. thank you for joining us, look, here we are right now on friday, we heard the president following his meeting with congressional leaders at the white house. president obama told reporters that he was modestly optimistic that a deal could be reached. he's counting on the sen if we l cliff because john boehner, the speaker of the house of representatives wasn't able to get the republicans to get the republicans to support a plan b. >> here is the rub, may i go? here is the rub. >> please. >> boehner knows how to negotiate and took on bowles plan, simpson bowles, he took on part of their plan, his first proposal. his second proposal was nancy pelosi's proposal she offered in may of this year of doing tax cuts on people of one million dollars and above, that are one million and above. >> and now plan c now. >> now, now proposal-- >> for the republicans to get-- >> no, he was not an
. we got to look back on this night and regret it. >> president obama has promised to work with congress but he urged them not to play politics with the nation's debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they've already wracked up. >>> wall street is ready to rally this morning, after the late night binlget etbudget break-through in washington. >> will this rally last? >>> sandy hook eleme y school students are about to head back to class three weeks after the shooting. classes resume thursday at a repurposed school in nearby monroe. students have toured the school and an open house is set for today. >>> the shell ail rig has run aground off the coast of alaska. no oil leaking. crew members were evacuated. >>> a paparazzi was killed while trying to get a picture of justin bieber. >> he's free he says i'll take care of business. >> all that a soldier's surprise homecoming at the rose parade in california. >> oh, that's beautiful. makes me cry. >> and all that matters. >> members of c
shape the debate. often it's a slip on the stump that gets picked up. let's listen to one of president obama's slips that got turned into a whole internet dynamic. >> someone held helped to create this whole internet system. somebody invested roads and bridges. if you got a bridge, you didn't build that. >> that was turned into this. >> i'm barack obama. those ads taking my words about small business out of context, they're flat out wrong. if you've been successful, you didn't get there on your own. >> getting pretty inventive there. >> we could have built some camaraderie. now have i to come out of gate and tell you it wasn't out of context. you give me three minutes, i'll prove to you -- >> oh, stop it. >> yeah, that's right, they built it in china. >> let's never revisit that. you didn't build that. >> i'll tell you one thing, viral videos helped spread the word about it. number four, our old friend herman cain, a lot of our friends were afraid after his pokemon speech, we'd never hear from him again. this video game involving chickens. >> your average american taxpayer, big governm
. it is utterly broken. the government's broken. we need to fix it but we need to have public debates. one side puts a plan on the table, like the house has done, they have passed two budgets, with proposals to save medicare for future generations. senator harry reid has not passed budgets. president obama's budgets have been voted on 3 times, the final vote tally, 0-610. so getting back to your first question, have i seen a plan out of this president that would be an obvious yes from us? i haven't seen any specific plan. all i have seen is demagoguery and a few numbers thrown out, whether it's $800 billion over 10 years or $1 of revenue for $3 of spending cuts, but nothing specific that we need to see to hammer this thing out. >> he says the onus is on congress, this is your job to get done. he said in the clip we just had, if it doesn't get done, the people who are going to pay are the senior who is will lose out on benefits that they are enjoying. is that an accurate representation of what will happen? >> no! this country needs presidential leadership. the house has passed two budgets that w
come down to the presidential debates, someone says, well, i wonder if he responds to that and obama asks a question about that. of course, the issue is in my mind, which of the gaffes are ones that we ought to pay attention to? do they represent a true character flaw? do they represent the capacity we want them to act? we all make mistakes. >> they are there in the public, and now with the internet and youtube and places like that, they not only are distributed broadly and quickly, but there also is an archive capability to go back and find out what barack obama said in 1998 or what mitt romney said in may that, by the way, there was not win bit of coverage on 47% in may. it was a public event, a public fund raising event, but nobody told the story to the media back in may. it was not until the video popped up that it's back in the process in late august or early september. >> host: what mistakes have politicians made in the past that you document in "oops" that are fatal? >> guest: fatal, okay. let me work from the current backwards a little bit. i think, you know, when rick perry
, that's why president obama was talking about my 2 k. he wanted to get the middle class to weigh in on the tax debate. that's how much they'll be paying. if you make a little bit over $100,000, you'll see an average hike of $3500. let's get to the higher category and income earner. households making half a million a year, they'll contribute about $15,000 a more. of course they're the top earners, the .1%, on average they'll see hikes of more than $633,000. income taxes are not the only major issues here. we go over the cliff, the tax rate on most capital gains would go from 15 to 20%. dividends would now be taxed like regular income instead of capital ganls. the inheritance tax, that would go from 35% on estates over $5 million to 55% on estates over a million bucks. so a lot of implications here not just on regular income taxes. michelle. >> got it, jackie. good way to lay out the situation. investors acting on their fiscal cliff nerves. this is the first time since the dow has dipped. a deal has been priced in. a lot of people thought something was going to happen. harry reid s
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